BURLINGTON, Ontario, Sept. 5, 2023 – Hyster-Yale Group (HYG), a wholly-owned operating subsidiary of Hyster-Yale Materials Handling, Inc., has expanded its partnership with DLL, a global vendor finance company, into Canada to support its independent dealer network with financial services solutions. DLL and HYG have decided to brand this Canadian partnership as Hyster-Yale Financial Services Canada (HYFS-CN).
“DLL is a global leader in asset financing for the materials handling sector, and we are truly excited to announce a newly established Canadian partnership with another global industry leader, Hyster-Yale Materials Handling, Inc.,” said Mike Kinka, Global Head of the Construction, Transportation and Industrial business unit at DLL. “Our successful HYG partnership in Europe, combined with our thorough understanding of the North American materials handling market and experience in building best-in-class partnerships shaped HYG’s decision to expand into Canada. We are looking forward to this next part of our journey together.”
“DLL has proven to be a valuable financial services partner for HYG and our independent dealer network across Europe and we are optimistic that their well-established platform will provide extraordinary support for our Dealers and Customers operating across Canada. DLL’s focus on construction, transportation and industrial industry segments aligns well with the diverse product offerings represented by our independent dealer network. HYG looks forward to expanding our relationship with a proven global financial services leader,” said Bob Sattler, VP HYG Financial Services.
HYFS-CN offers wholesale inventory financing for our dealer partners and retail end-user financing for dealers and major account customers. The flexible and market-leading financial solutions available for all products will allow customers to better manage their specific business and capital requirements. This approach also results in efficient and effective operating costs that meet a customer’s business goals and enable them to be highly productive while ensuring the lowest possible cost of operation using the newest materials handling technology.
The DLL Canadian team will provide local support for the HYG dealers operating in the various Provinces to ensure successful implementation and collaboration moving forward. The team is committed to offering proven industry experience and the highest quality service.
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About Hyster Yale Group Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names. Subsidiaries of Hyster-Yale include Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni®, Auramo® and Meyer® brand names and Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines. Hyster-Yale also has an unconsolidated joint venture in Japan (Sumitomo NACCO). Hyster-Yale Group, Inc. is a wholly owned subsidiary of Hyster-Yale Materials Handling, Inc. (NYSE:HY). Hyster-Yale Materials Handling, Inc. and its subsidiaries, headquartered in Cleveland, Ohio, employ approximately 8,200 people worldwide.
DLL is a global asset finance company for equipment and technology with a managed portfolio of more than EUR 40 billion. Founded in 1969 and headquartered in Eindhoven, the Netherlands, DLL provides financial solutions to the Agriculture, Food, Healthcare, Clean Technology, Construction, Transportation, Industrial, Office Equipment and Technology industries in more than twenty-five countries. DLL partners with equipment manufacturers, dealers and distributors, as well as end-customers on a direct basis, to enable businesses to access equipment, technology and software more easily. The company also delivers insights and advice to partners and customers that drive smarter and more economical methods of use. DLL combines customer focus with deep industry knowledge to deliver sustainable solutions for the complete asset life cycle, including commercial finance, retail finance and used equipment finance. DLL is a wholly owned subsidiary of Rabobank Group. To learn more about DLL, visit www.dllgroup.com